The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

1196 W 36th Street, Los AngelesCA, 90007(Residential Income)

This offering is a unique value-add opportunity in a core student housing location west of USC’s campus. The property currently comprises a vacant 1,840-square foot single-family house with three bedrooms and 5,449 square foot lot zoned LARD1.5. Because of zoning and lot size, the property could be developed into three units by-right (buyer to verify with the city, broker makes no warranties). Given the home’s square footage, a new investor could choose to renovate the property to include more bedrooms and bathrooms, thereby increasing the amount of student housing that the property could generate (buyer to verify with the city, broker makes no warranties). The property directly to the rear, 1201 West 36th Place, is also for sale and could increase the development potential of the site. Please contact listing agent for details. The property is located within the CSC and DPS patrol boundaries, less than one-quarter of a mile from the University of Southern California’s main campus and less than one-half of a mile from the new $700MM mixed-use University Village Project being constructed by USC. The Village Project, scheduled to be completed in the fall of 2017, will offer student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joes, Target, Bank of America and Starbucks.

Price

Price:$630,000

County:
Los Angeles

Sq ft:1,840 (approx)

MLS#: PW16716339

Status: Pending

Description

This offering is a unique value-add opportunity in a core student housing location west of USC’s campus. The property currently comprises a vacant 1,840-square foot single-family house with three bedrooms and 5,449 square foot lot zoned LARD1.5. Because of zoning and lot size, the property could be developed into three units by-right (buyer to verify with the city, broker makes no warranties). Given the home’s square footage, a new investor could choose to renovate the property to include more bedrooms and bathrooms, thereby increasing the amount of student housing that the property could generate (buyer to verify with the city, broker makes no warranties). The property directly to the rear, 1201 West 36th Place, is also for sale and could increase the development potential of the site. Please contact listing agent for details. The property is located within the CSC and DPS patrol boundaries, less than one-quarter of a mile from the University of Southern California’s main campus and less than one-half of a mile from the new $700MM mixed-use University Village Project being constructed by USC. The Village Project, scheduled to be completed in the fall of 2017, will offer student housing and over 500,000 square feet of academic spaces, restaurants, and major retailers that include Trader Joes, Target, Bank of America and Starbucks.

Listing Information

Property Type: Cluster, Other

Lot Size:0.12 Acres / 544,900 sq.ft.

Square Feet:1,840 (approx)

Price per Sq. Ft.:$342.39

Year Built:1905

Units:1 Total

Neighborhood

Room Information

Exterior / Lot Features

Pool:None

Pool Description:No Pool

Zoning:LARD1.5

Additional Exterior/Lot Features:Urban

Driving Directions

Near the intersection of W 36th St and S Catalina St

Financial Considerations

Tax/Property ID:
5040017011

AnnualIncome/Expense:
$63,000Income,$12,281Expense

Listing Price History

Los Angeles Real Estate

Los Angeles is located in California.
Los Angeles, California 90007 has a population of 3,804,503.

The median household income in Los Angeles, California 90007 is
$49,745.
The median household income for the surrounding county is $56,241
compared to the national median of $53,046.
The median age of people living in Los Angeles 90007 is
34.1 years.

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Courtesy: Steven M. Bogoyevac, Broker Steven Bogoyevac;

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.